The Adviser Advocate

 

​Sesame Bankhall Group recognises the importance of representing the views of all the firms that it provides services to when it liaises with the Financial Conduct Authority and other industry bodies.

Article date: 17/09/2019

Sesame Bankhall Group recognises the importance of representing the views of all the firms that it provides services to when it liaises with the Financial Conduct Authority and other industry bodies.

In an ever changing regulatory environment, it is important that those who make the rules or influence the regulatory agenda fully consider the impact on advice and other intermediary firms that come about as a result of the changes they make.

Launched in April 2019, Adviser Advocate is an initiative that’s designed to provide you with the opportunity to feedback your thoughts on forthcoming regulatory initiatives, consultations and issues that will impact on your business, whilst not taking up too much of your time. We already do a huge amount of work internally on analysing regulatory publications, engaging with the industry and formulating responses on a wide range of issues that impact your business. But we want to go further in engaging your firm directly in this work, so you can share your thoughts on the regulatory topics that affect your business.

Within Sesame Bankhall Group we provide services to a broad spectrum of firm types and sizes:

  • Covering mortgage, non-investment insurance and investments
  • Covering advice, non-advised and discretionary management models
  • From sole traders through to national firms

The Adviser Advocate initiative is not aimed at one particular group of firms, it is intended to represent the views of firms across SBG, whether these are Appointed Representative Firms in the Network or Directly Authorised firms that Bankhall or PMS provide services to. By gathering together the views and opinions of all the firms we represent, on the topics that affect you, we can present a strong collective voice that can benefit all.

The Adviser Advocate initiative will be an ongoing continuing campaign presence under which we will be inviting input from firms.

What have we done so far?

FCA ConsultationResponse
FCA call for input on evaluation of the Retail Distribution Review and the Financial Advice Market Review Please click here for details of the SBG response
FCA consultation (CP19/14) Mortgage customers: proposed changes to responsible lending rules and guidanceSBG responded separately to each of these consultations which arose out of the Mortgage Market Study.

Please click here for the Mortgage Market Study – SBG House View
which presents a consolidated view on the matters consulted upon
FCA consultation (CP19/17) Mortgage advice and selling standards

 

What is coming up?

In July 2019 we invited firms to provide their views on a consultation by the European Securities and Markets Authority regarding the MiFID II inducements and aggregated costs and charges requirements.

We will provide you with updates of all our Adviser Advocate initiatives in our regular Compliance Communications.

However, if you would like to know more about this initiative, or if you have other regulatory topics that you would like to raise and discuss, please let us know by getting in touch at [email protected]

Live